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Dúo Asucenas De Maria Group
In this Group: Maria Luisa , Maria Isabel
“Azucenas de María” Duo

María Isabel, 41, is part of this duo. She has worked at home manufacturing traditional textiles (skirts and blouses) for the last 25 years; she also sells snacks (bread and corn-based beverage). She does the second activity only on Tuesdays and Thursdays at the church in her community.

She needs another loan to buy thread and fabric for her textiles and also to stock up for her snack sales. Her greatest wish is to continue growing and diversifying her products to offer her customers good quality products and more variety in order to move her minor children ahead this way. She’s already managed various loans with Kiva/Fape and has never defaulted on her loans since that’s her way of repaying with goodness for the support she’s gotten for her business by means of the loans.
View original language description ↓
Dúo Asucenas de María
El grupo está conformado por las señoras María Isabel de 41 años de edad ella se dedica a la elaboración de Tejidos Típicos ( Güipiles y cortes) desde hace 25 años ubicada en su domicilio como también a la venta de refacciones (venta de panes y atoles) ella se dedica a esta segunda actividad solo los días martes y jueves en la iglesia de su comunidad, ella necesita otro crédito para invertir en la compra de hilos y telas para sus tejidos y tambien para surtir mas su venta de refacciones sus mayor deseo es seguir creciendo y diversificando sus productos para poder ofrecer a sus clientes una buena calidad en sus productos y mas variedades,y de esa forma sacar adelante a sus hijos menores, ella ya ha trabajado varios creditos con Kiva/Fape y no a fallado en sus creditos ya que esa es la forma de pagar con bien lo que le han ayudado con sus negocio atravez de los credito.

Additional Information

About FAPE

FAPE, the Foundation for the Assistance of Small Businesses, is a nonprofit, socially-minded institution that provides loans to micro-entrepreneurs across Guatemala.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Guatemala

  • $4,155
    Average annual income
  • 66
    View loans »
    Guatemala Loans Fundraising
  • $8,342,350
    Funds lent in using Kiva
  • 7.8
    Guatemala Quetzales (GTQ) = $1 USD

Success!! The loan was 100% repaid

A portion of Dúo Asucenas De Maria Group's $900 loan helped a member to buy raw materials.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 9, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014